Great for you to continue to do DCA and just accumulate and hold. And for the majority, I think that will be the case here, I mean there are a lot of seasoned and veteran players already in the market that continues to put money here specially that we have a big discount at $60k as the price decline in the last 7 days.
Personally though, I still have just a few sats as I can't go and be consistent in this game because there are factors that are beyond my control, in short I have to sell some because of emergencies and then just try from time to time to buy with my own means. But going slow could be the winner here at the end.
I feel like that is the only great way to make money. Don't get me wrong, there are other ways to make money as well, it is not impossible to make money, we can do it, I am just saying the greatest one is that. People who do DCA will eventually realize that the best part is that you do not even work for it, you do absolutely nothing and you still make more profit than most of the people.
If you are willing to wait, and if you are willing to buy when people are selling because it is going down, then you are going to profit more than anyone else in the world. I have seen people turn 8 bitcoin (which was 200 per coin at the time) into 300 coin because they knew when to sell and when to buy, bought when it went low, sold when it went high.
Not everyone would really be tending to hold for long term or literally speaking about 5 year or even a decade when it comes into their holdings on which there would really be those people who would really be that
trying to make plays with those price movement on which we know that this market would really be having its cycle on which if you do really know on how to take advantage with those movements then you would really be that much more better than with most traders or investors into this market. You could really be able to make profits without needing to wait up for too long, specially on the moment that you are really that good when it comes to DCA'ing or on the moment that you would really be making good entries at the bottom. Yes, its hard but doesnt mean that it would really be impossible.
The main issue for most people is that on the moment that they are seeing a declining market is that they would really be that hesitating on taking up such step
and for those people who had been taking up such further step are the ones who do really make out that kind of benefit from it on which its a good decision
that they had made out earlier.